Jump to content



Photo

Rare parabola in straight up mode


  • Please log in to reply
12 replies to this topic

#1 tommyt

tommyt

    Member

  • Traders-Talk User
  • 4,906 posts

Posted 12 January 2018 - 11:19 AM

They don't come along too often, this parabola is now in the end phase where some of the biggest pt gains of the move can take place...very unpredictable. Either way one should be liquidating positions into the madness knowing the straight up won't last. Vol should pick up coming up:

 

http://stockcharts.c...id=p67805258239



#2 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 8,779 posts

Posted 12 January 2018 - 12:05 PM

>.very unpredictable.<..........?????     how do you spell  E P I C E N T E R???......:"once in a life time move"    so it was written



#3 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 11,936 posts

Posted 12 January 2018 - 12:17 PM

SPX 2850 should break it.  Let's see if market operators want to push it there in this reporting season.  Next week is OpEx week that usually has a bullish bias.


Edited by redfoliage2, 12 January 2018 - 12:24 PM.


#4 pdx5

pdx5

    Member

  • Traders-Talk User
  • 6,713 posts

Posted 12 January 2018 - 12:51 PM

Yes, my barber is pushing buying stocks.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#5 q4wer

q4wer

    Member

  • Traders-Talk User
  • 1,872 posts

Posted 12 January 2018 - 01:02 PM

Are they going to break 2785 today?  I wish to see some afternoon selling



#6 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 8,892 posts

Posted 12 January 2018 - 01:32 PM

Are they going to break 2785 today?  I wish to see some afternoon selling

 

The upside price target for the SPX, that was given by the SPX McClellan Summation Index 2 months ago, is 2800 plus or minus 1%.

 

That said, if we see any kind of breadth plurality of 3:1 or better by Monday, there will be new upside targets given to minimally the 3000 level.

 

At this point, I would throw out any emotional or fundamental reason why the market can't go up and concentrate on riding the wave higher until PROVEN that a decline can actually be generated.

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page


#7 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 19,176 posts

Posted 12 January 2018 - 02:41 PM

In fairness a couple people have predicted this "unpredictable" market!

 

M


Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter

#8 tommyt

tommyt

    Member

  • Traders-Talk User
  • 4,906 posts

Posted 12 January 2018 - 02:48 PM

OK thanks Fib, I have made note on this dow chart of the parabola and 25,777. This is your reference point to throw out reasons fundamental or emotional and to just "let er ride".

 

http://i117.photobuc...zpshblomso1.png


Edited by tommyt, 12 January 2018 - 02:53 PM.


#9 alexnewbee

alexnewbee

    Member

  • Traders-Talk User
  • 1,084 posts

Posted 12 January 2018 - 03:14 PM

File this in the stats-that-don't-matter-during-melt-ups folder:

The last time the S&P 500 rallied more than 2% to a 52-week high during a little over a week, and the VIX was also up 10% was...dum da dum...March 24, 2000.

From Sentiment Trader
"we do G.d's work" Lloyd Blankfein

#10 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 8,779 posts

Posted 12 January 2018 - 03:22 PM

File this in the stats-that-don't-matter-during-melt-ups folder:

The last time the S&P 500 rallied more than 2% to a 52-week high during a little over a week, and the VIX was also up 10% was...dum da dum...March 24, 2000.

From Sentiment Trader

looking back is easy    .sad....anybody can do it......watch the sky